1.How much is your total bill if, instead, the store charges you interest that is compounded daily? Use 6 digits on your intermediate calculations, and round your final answer to the nearest cent. (Assume t = 3 years.)

Total bill (compound interest)

$

Show and explain your work here: (6 points)

P= 5,000 T= 3 R= 0.15 N= 365

A= P(1+r/n) ^nt